View the step-by-step solution to:


Can you please help me figure out the amount for cash received from contributors



      Debits Credits

Cash 126500

   Pledges Receivable—Without Donor Restrictions 41000

   Estimated Uncollectible Pledges  4100

Inventory  2800

Investments 178000 

Furniture and Equipment  210000

Accumulated Depreciation—Furniture and Equipment  120000

Accounts Payable   20520

Net Assets Without Donor Restrictions 196500 

Net Assets With Donor Restrictions—Programs   50500

Net Assets With Donor Restrictions—Permanent Endowment 140000 

Contributions—Without Donor Restrictions   348820

Contributions—With Donor Restrictions—Programs  38100

Investment Income—Without Donor Restrictions   9200

Net assets released from restrictions with donor restrictions 22000

Net assets released from restrictions with out donor restrictions 22000

Printing and Publishing Expense   4190

Rent and Utility Expense  38400

Salaries and Fringe Benefit Expense  288410

Supplies Expense   6940

Telephone and Postage Expense      3500

The organizatio had $165314 of cash on hand at the beginning of the year. During the year, the center received cash from contributors: $310800 that was unrestricted and $38100 that was restricted for the purchase of equipment for the   center. It had $9200 of income earned and received on long term investments. The center spent cash of $288410 on salaries and fringe benefits, $22000 on the purchase of equipment for the center       and $86504 for operating expenses. Other pertinent informatio follows: net pledges receivable increased $6000, inventory increased $1000, accounts payable decreased $102594, and there were no salaries payable at the beginning of the year.  

Recently Asked Questions

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question
Let our 24/7 Accounting tutors help you get unstuck! Ask your first question.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes
A+ icon
Ask Expert Tutors